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Chrysler IPO to Début in December. Reports say that Chrysler could reportedly carry out its IPO
this December. The lead underwriters Bank of America (BAC) and JPMorgan (JPM)
will be joined by Barclays (BCS), Goldman Sachs (GS), Morgan Stanley (MS) and
UBS (UBS).
Upgrades:
Green Mountain Coffee Roasters (GMCR): Janney Capital raised their rating from Neutral to Buy and raised their target price from
$75.00 to $80.00.
Hillshire Bands (HSH): BMO
Capital raised their rating from Market Perform to Outperform and raised their target price from $31.00 to $41.00.
Downgrades:
American Railcar Industries (ARII): Raymond James lowered their rating from Outperform to Underperform.
J.M. Smucker (SJM):
JPMorgan lowered their rating from Overweight to Neutral and placed a target price of $110.00 on the company.
Qualcomm (QCOM):
Raymond James lowered their rating from Strong Buy to Outperform and placed a target price of $79.00 on the company.
Republic Services (RSG):
Goldman Sachs lowered their rating from Buy to Neutral and placed a target price of $36.00 on the company.
Coverage Initiated:
Baltic Trading (BALT):
Longbow initiated coverage with a Buy
rating and target price of $7.00.
Diana Shipping (DSX): Maxim
initiated coverage with a Buy rating
and target price of $14.00.
Facebook (FB): FBR
Capital initiated coverage with an Outperform
rating and target price of $60.00.
Genco Shipping & Trading (GNK): Maxim initiated coverage with a Hold rating.
LinkedIn (LNKD): FBR
Capital initiated coverage with an Market
Perform rating and target price of $214.00.
Navastar Intl (NAV):
Longbow initiated coverage with a Neutral
rating.
Star Bulk Containers (SBLK): Maxim initiated coverage with a Buy rating and target price of $12.00.
Earning Reports:
Abercrombie & Fitch (ANF): Reported EPS of $0.52 beating estimates by +$0.08. Pre-market: 34.00 -0.99 (-2.83%)
Dollar Tree (DLTR): Reported EPS of $0.58 missing estimates by -$0.02. Pre-market: 55.55 -3.37 (-5.72%)
Gamestop (GME): Reported EPS of $0.58 beating estimates by +$0.01.
Sears Hldg (SHLD):
Reported EPS of -$5.03 missing estimates by -$1.64.
Target (TGT): Reported
EPS of $0.54 missing estimates by -$0.10.
Markets:
Futures at 6:20: Dow +0.25%. S&P +0.2%. Nasdaq +0.3%. Crude 0.0% at $93.35. Gold -0.9% to $1246.60. U.S. 10 Year -5/32 2.823%.
Futures at 6:20: Dow +0.25%. S&P +0.2%. Nasdaq +0.3%. Crude 0.0% at $93.35. Gold -0.9% to $1246.60. U.S. 10 Year -5/32 2.823%.
Europe: London +0.1%. Paris -0.3%. Frankfurt -0.3%.
Asia, Japan +1.9% to
15365.6. Hong Kong -0.5% to
23580. China 0.0% at 2206. India -2% to 20229.
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